12 Information Technology Stocks Moving In Thursday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
In Thursday's pre-market session, 12 Information Technology stocks showed significant movement. Gainers included Tungray Technologies, Ondas Holdings, LightPath Technologies, Saverone 2014, Greenidge Generation Hldg, and Nano Labs with increases ranging from 8.6% to 25.9%. Losers were led by Fastly, Freshworks, Everspin Technologies, Qorvo, Appian, and Luna Innovations, with declines between 7.38% and 29.9%, largely due to recent earnings reports.
May 02, 2024 | 12:06 pm
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NEGATIVE IMPACT
Freshworks stock fell 27.24% to $13.28, with a market cap of $3.9 billion, after their Q1 earnings announcement.
Freshworks' significant stock price drop post-Q1 earnings suggests the earnings report did not meet market expectations, negatively impacting short-term stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Fastly shares plummeted 29.9% to $9.06, with a market cap of $1.2 billion, following their Q1 earnings release.
The sharp decline in Fastly's stock price following its Q1 earnings release indicates a negative market reaction, likely due to disappointing earnings results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Tungray Technologies shares surged 25.9% to $7.74, with a market cap of $125.7 million.
The significant pre-market gain suggests positive investor sentiment or reaction to recent company developments, likely to boost short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90